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2017-09-15 09:39:24

IEP

Icahn Enterprises

$53.69

-0.26 (-0.48%)

09:39

09/15/17

09/15

09:39

09/15/17

09:39

Federal-Mogul seeks $1.5B in possible Fel-Pro sale, Bloomberg says

Icahn Enterprises' Federal-Mogul Holdings is mulling a sale of its Fel-Pro engine parts business, looking for roughly $1.5B if it pursues a deal, Bloomberg reports, citing people familiar with the matter. The company, which is being advised by XMS Capital Partners on the sale process and has about $180M in earnings, has seen interest from private equity firms, but they may not want to pay eight times Ebidta, the sources said. Reference Link

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